Direxion Daily META Bear 1X ETF (NASDAQ:METD) Sees Significant Decline in Short Interest

Direxion Daily META Bear 1X ETF (NASDAQ:METD) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 8,206 shares, a decrease of 58.5% from the September 30th total of 19,763 shares. Based on an average daily volume of 572,145 shares, the short-interest ratio is presently 0.0 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Trading of Direxion Daily META Bear 1X ETF

A number of large investors have recently added to or reduced their stakes in METD. Optiver Holding B.V. raised its holdings in shares of Direxion Daily META Bear 1X ETF by 58.2% in the 1st quarter. Optiver Holding B.V. now owns 21,191 shares of the company’s stock valued at $376,000 after purchasing an additional 7,800 shares during the period. Genesis Financial Group LLC grew its holdings in Direxion Daily META Bear 1X ETF by 13.2% during the first quarter. Genesis Financial Group LLC now owns 51,400 shares of the company’s stock worth $911,000 after purchasing an additional 6,000 shares during the period. Finally, IMC Chicago LLC grew its holdings in Direxion Daily META Bear 1X ETF by 60.8% during the first quarter. IMC Chicago LLC now owns 105,235 shares of the company’s stock worth $1,865,000 after purchasing an additional 39,785 shares during the period.

Direxion Daily META Bear 1X ETF Price Performance

NASDAQ METD opened at $15.03 on Friday. Direxion Daily META Bear 1X ETF has a 12 month low of $11.98 and a 12 month high of $19.54. The stock has a 50 day moving average of $14.16 and a 200-day moving average of $15.74.

Direxion Daily META Bear 1X ETF Company Profile

The Direxion Daily META Bear 1X Shares (METD) is an exchange-traded fund that is based on the Meta Platforms Inc Class A index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of META stock. METD was launched on Jun 5, 2024 and is issued by Direxion.